Washington · statute · Wash. Rev. Code ch. 18.310 · 17 active provisions
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Appraisal" means the act or process of estimating value; an estimate of value; or of pertaining to appraising and related functions.(2) "Appraisal management company" means an entity that performs appraisal…
The director shall:(1) Adopt rules to implement this chapter;(2) Establish appropriate administrative procedures for the processing of the applications;(3) Issue licenses to qualified companies under the provisions of this chapter;(4) Maintain a roster of the names and addresses of companies licensed under this chapter…
The director or individuals acting on behalf of the director are immune from suit in any action, civil or criminal, based on any acts performed in the course of their duties except for their intentional or willful misconduct.
(1) Applications for licensure must be made to the department on forms approved by the director. A license is valid for one year and must be renewed on or before the expiration date. Applications for original and renewal licenses must include a statement confirming that the company must comply with applicable rules and…
Every company seeking licensure whose headquarters is not based in the state of Washington shall submit, with the application for licensure, an irrevocable consent that service of process upon the controlling person or persons may be made by service on the director if, in an action against the entity in a Washington st…
(1) It is unlawful for an entity to engage or attempt to engage in business as an appraisal management company, to engage or attempt to perform appraisal management services, or to advertise or hold itself out as engaging in or conducting business as an appraisal management company without first obtaining a license iss…
Background investigations under this chapter consist of fingerprint-based background checks through the Washington state patrol criminal identification system and through the federal bureau of investigation. The applicant is required to pay the current federal and state fees for fingerprint-based criminal history backg…
(1) A license issued under this chapter must bear the signature or facsimile signature of the director and a license number assigned by the director.(2) Each licensed appraisal management company shall place the name under which it does business and its license number on any appraisal engagement document issued.
(1) Each entity owning more than ten percent of an appraisal management company may not be directly controlled or owned in whole or in part by any person who has had a license or certificate to act as an appraiser refused, denied, canceled, or revoked in any state.(2) Each person that owns an appraisal management compa…
(1)(a) An appraisal management company shall designate one controlling person that will be the main contact for all communication between the department and the appraisal management company.(b) Should the controlling person change, the appraisal management company must notify the director within fourteen business days…
(1) An appraisal management company may not knowingly contract with or employ as an appraiser:(a) Any person who has ever had a license or certificate to act as an appraiser in this state, or in any other state, surrendered in lieu of disciplinary action, refused, denied, canceled, or revoked;(b) Any person who has bee…
(1) The provisions of this chapter do not apply to the following:(a) An appraisal management company that is a subsidiary owned and controlled by a financial institution regulated by a federal financial institution regulatory agency; or(b) An appraiser that enters into an agreement, whether written or otherwise, with a…
An appraisal management company must certify to the department on initial application and upon renewal, that it maintains a detailed record of each service request that it receives and the appraiser that performs the appraisal for the appraisal management company. This statement must also certify that the appraisal man…
(1) Except within the first thirty days after an appraiser is first added to the appraiser panel of an appraisal management company, an appraisal management company may not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an appraiser without:(a)…
(1) In addition to the unprofessional conduct described in RCW 18.235.130, the director may take disciplinary action for the following:(a) Failing to meet the minimum qualifications for licensure established under this chapter;(b) Failing to pay appraisers no later than forty-five days after completion of the appraisal…
The uniform regulation of business and professions act, chapter 18.235 RCW, governs unlicensed practice, the issuance and denial of licenses, and the discipline of licensees under this chapter.
This act takes effect July 1, 2011.